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CONCURRENT RESOLUTION
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WHEREAS, Year after year, the federal government has failed |
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to make fiscally responsible choices, and Washington must now take |
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aggressive steps to address our national deficit; and |
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WHEREAS, The United States Congress routinely passes budgets |
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leading the government to spend more than it receives in revenue; in |
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order to finance the resulting budget deficit, the U.S. Treasury |
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must sell bonds and the government must pay interest on those bonds; |
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this cycle of deficit spending leaves less money for new programs or |
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tax cuts, and it could prove detrimental to the future stability of |
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our country; and |
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WHEREAS, United States indebtedness to governments of |
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foreign nations continues to rise; costly federal programs that are |
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essentially unfunded or underfunded mandates to states threaten the |
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ability of state and local governments to continue to balance their |
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budgets; moreover, future generations of Americans inevitably face |
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increased taxation and a weakened economy as a direct result of the |
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bloated debt; and |
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WHEREAS, A federal balanced budget amendment will ensure that |
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Congress uses taxpayer dollars wisely, and it is vital that we take |
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this step to avert fiscal calamity and eliminate future deficits; |
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now, therefore, be it |
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RESOLVED, That the 84th Legislature of the State of Texas |
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hereby respectfully urge the Congress of the United States to |
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propose and submit to the states for ratification an amendment to |
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the United States Constitution requiring that, except during a time |
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of national emergency, the total of all federal appropriations made |
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by Congress for any fiscal year not exceed the total of all |
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estimated federal revenue for that fiscal year, together with any |
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related and appropriate fiscal restraints; and, be it further |
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RESOLVED, That the Texas secretary of state forward official |
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copies of this resolution to the president of the United States, to |
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the president of the Senate and speaker of the House of |
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Representatives of the United States Congress, and to all the |
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members of the Texas delegation to Congress with the request that |
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this resolution be entered in the Congressional Record as a |
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memorial to the Congress of the United States of America. |